According to the Palm Beach Post, Mar-a-Lago was built by cereal heiress Marjorie Merriweather Post and opened for the 1927 winter season with 58 bedrooms and 33 bathrooms. Its name means "sea to lake," signifying the property's position stretching between the Atlantic Ocean and the Intracoastal Waterway.

When Post died in 1973, she willed the estate to the U.S. government, but the government declined, citing Mar-a-Lago's high maintenance costs, the Palm Beach Post reported. According to Town & Country, annual maintenance costs totaled around $1 million.

Though the estate was declared a National Historic Landmark in 1980, it sat empty until Trump purchased it in 1985 for $8 million. Trump and his then-wife Ivana spent years restoring the property. Trump turned the estate into a private club in 1995 and built a 20,000-square-foot ballroom on the property, among other notable features.

The Mar-a-Lago club, which caps at 500 members, has a non-refundable membership fee of $100,000 and annual dues of $14,000, according to the club's managing director and executive vice president, Bernd Lembcke. Members are also required to spend $2,000 on food every year.

Construction of the White House, home of every U.S. president since John Adams in 1800, began in 1792.